Looks like...everyone who could exercise their rsu s did so.
The price at .45 is different than the prices that were discussed in the news release.
Weird. I don't get that.
Anybody wish to comment on the strategy of this?
Woods exercised a whole bunch of options earlier--why would he spend the money at this point when he could have waited?
All options for employees and consultants of Crystal Peak or the Company's subsidiary are exercisable over a period of five years at a price of $0.42 per common share and shall vest in three equal annual installments on the first, second, and third anniversaries of the Option
Read more at https://www.stockhouse.com/news/press-releases/2017/11/14/crystal-peak-minerals-inc-announces-grant-of-stock-options#oWmr6bytO14yx0G1.99
So the above seems to indicate that there is not rush to exercise as the time frame to do so can be up to 5 years.
They do have the option to vest a third in each installment--which would be the fastest way to theoretically do so if they were in a hurry--unless there is a change in the board at which point they could option out all of them.
Please correct me anyone if I have misinterpreted the above--I am assuming that one could wait until 5 years if they chose to do so but the quickest way outlined would be in 2 years from this point on.
Assuming this--there would be no point in using their money to exercise anything at this point unless they need voting shares.
If they knew of a pending takeover then they could wait to use their money to option out these rsu s at that point and not now.
Therefore there must be a tie in to the need to access more voting shares if EMR should want to take us over.
There was some confusion as to how much voting control EMR had as per a few of the previous posts.
Does this smell of a pending takeover by EMR sooner than later?
Just trying to figure out why these guys are using their money to exercise these shares at this moment?
I would appreciate some feedback--thanks.